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13958 Knob Creek San Antonio, TX 78245

3 Beds 3 Baths 2,329 sqft Built 2019

$289,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $124.47
  • 3 Days on Market
  • MLS # : 1498103
  • Updated Date : 12/05/2020 at 03:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,329 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage

Listing Agent's Description

Dream Home Alert!! Come see this gorgeous, meticulously designed & cared for home in desirable Arcadia Ridge community. From the pages of a high end magazine, this home is light, bright & airy with elevated details at every turn. Upgraded tile floors on first level and luxurious hardwoods on stairs & 2nd level: NO CARPET! Enjoy this open floorplan with high ceilings, great flow, & big windows flooding the rooms with natural light! Family room has wide & wonderful bluff views and easy access to the covered patio, & private, flat yard... perfect for endless entertaining! Enjoy beautiful TX sunrise or big sky star gazing from the living area, patio and master bedroom! This home shows like a model & has room for everyone to relax and unwind and enjoy the good life! Chef's kitchen w/granite, elegant backsplash, island w/breakfast bar, stainless appliances, Gas Cooktop, & ample pantry. Spacious upstairs owners suite features tray ceiling, crown molding, ceiling fan, large walk-in closet, oversized shower and dual vanities. Move right in and enjoy the endless upgrades: sprinkler system, gutters, high end water softener & reverse osmosis drinking water, 2 inch wood blinds, ceiling fans with remote controls, all new lighting & more (all upgrades from new builds). Great location w/easy access to 1604, 90, shopping, dining & entertainment. PLUS World class HOA amenities, top rated schools & NO city taxes! HURRY and see if this is your dream home. Doesn't your family deserve the best?

SEE MORE

MARKET HIGHLIGHTS

  • The metro employment growth is at 2.3 per cent and predicted to be at 2.2% in 2019 (USMayors.org, 2018)
  • San Antonio metro has 60.7 percent labor force participation rate (USMayors.org, 2018)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)
  • Five Fortune 500 companies are headquartered in San Antonio: Valero Energy; Tesoro; United Services Automobile Association (USAA); CST Brands; and iHeart Media (Formerly CC Media Holdings).

PRICE & RENT TRENDS

Neighborhood: West San Antonio

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $86k205k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: West San Antonio

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8451681

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Herbert G. Boldt Elementary School Primary Regular NA
Bernal Middle School Middle Regular 618 38 NA
Brennan High School High Regular 2,455 137 7

Herbert G. Boldt Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Bernal Middle School

  • Education Level: Middle
  • # of students: 618
  • # of teachers: 38
NA
GreatSchools Rating

Brennan High School

  • Education Level: High
  • # of students: 2,455
  • # of teachers: 137
7
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,070
Property Tax -$647
Property Insurance -$161
HOA -$30
Property Management Fees -$99
CASH FLOW
-$197

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$289,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.41%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 3.00%
Vacancy 9.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,824

INVESTMENT

$78,824

Down Payment
$72,475
Rehab Estimate
$2,000
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,011

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,810

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,811

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8103$1,8254$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 13958 Knob Creek San Antonio, TX 2
    • 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,329 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.78
    •  
  • 1418 Kedros San Antonio, TX 1
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2016
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.76
    •  
  • 1447 Kedros San Antonio, TX 3
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.78
    •  
  • 1630 Desert Candle San Antonio, TX 4
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2016
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 1451 Kedros San Antonio, TX 5
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2017
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
PROPERTY LISTING DETAILS
Mary Bradley
1.210.727.6137
Keller Williams Heritage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1498103
Last Updated: 12/05/2020
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